You’ve been paying off wall streets malfeasance through the 4 trillion in debt we’ve piled on and through your taxes which are due today ,, this family did nothing wrong. Are you a sucker ,, you betcha , we all are thanks to OBOZO and Bush#2 . You want to get mad? get mad at Paulsen , Geitner , Bernanke and the rest of the scum that have sunk the USA... notably those that got rid of all oversight on banking over the last 15 years or so.
This family did nothing wrong. Bullcrap. They took out a loan and didn’t pay it.
I’m going to sell my house, invest the cash, take out a new loan and then default.
The culpability is not primarily from the last fifteen years.
This was able to happen because real estate appraisals ceased to factor in the population density, median income, and housing supply.
That change (which allowed a value to be detirmined strictly indexing recent home sales) happened under Carter.
Laws are for other people, certainly not the ultra-rich country club set from Wall Street.